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Positivo Advances the Most in a Month After Lenovo Report

Positivo Informatica SA (POSI3), Brazil’s biggest computer maker, rose the most in a month after a report that Lenovo Group Ltd. (992) is seeking acquisitions in Brazil and may set up a production facility in the country.

Positivo’s shares gained 4.5 percent to 5.81 reais, the most since April 18, while the benchmark Bovespa index climbed 1.4 percent.

Lenovo, based in Morrisville, North Carolina, may set up a production facility in Brazil to avoid import tariffs, Milko Van Duijl, the company’s president of Asia and Latin America, said in an interview with the Wall Street Journal today.

“When a computer maker mentions intentions of coming to Brazil, Positivo’s shares rise, because it is the only relevant player in this market,” Marcelo Varejao, an analyst at Socopa Corretora, said by the phone from Sao Paulo.

Lenovo’s press office in Brazil didn’t respond to an interview request. The company is the world’s second-biggest maker of personal computers.

“We are interested in buying or working with all the players [in Brazil], though we are not singling out any one of them,” when it comes to acquisitions, Van Duijl said.

Positivo has gained 0.5 percent this year, while the Bovespa fell 2.7 percent.

To contact the reporter on this story: Denyse Godoy in Sao Paulo at dgodoy2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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